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98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.
Loans to Small Businesses
Total Project Financing
What’s the deal?
Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 10, 20 or 25-year below market fixed rate and 50% from the participating lender at a conventional market rate.
Who can borrow?
What can the money be used for?
How large (or small) could the project size be?
Why Bay Colony?
Where is financing available?
Recently Funded Projects
Loans funded in October 2019 ranged from $113,000 to $2,123,000 and provided assistance to businesses located in Lenox, Ipswich, Worcester, Hyde Park, Rockport, Chelmsford, Tyngsboro and Leominster, MA, as well as Manchester, NH. The projects will contribute to the creation of 20 Jobs.read more
Loans funded in September 2019 ranged from $96,000 to $4,279,000 and provided assistance to businesses located in Amesbury, Lowell, Jamaica Plain, Methuen and Springfield, MA, Hampton Falls, NH, Sterling, CT and Smithfield, Warwick and West Kingston, RI. The projects will contribute to the creation of 61 Jobs.read more
Loans funded in August 2019 ranged from $111,000 to $1,379,000 and provided assistance to businesses located in Provincetown, Brighton and Mashpee, MA, Sugar Hill, NH, and West Warwick, Coventry, and Providence, RI. The projects will contribute to the creation of 26 Jobs.read more